SOFE Exam AFE Topic 3 Question 73 Discussion

Actual exam question for SOFE's AFE exam

Question #: 73
Topic #: 3

[All AFE Questions]

It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?

AInterest contract funds

BInterest on policy

CContract funds

DB or C

Show Suggested Answer

Suggested Answer: D

by Wilda at Apr 21, 2024, 07:13 PM

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Taryn

15 days ago

Hmm, I wonder if the correct answer is 'Compound Interest on the Tears of Actuaries'? That's always a good one to look out for.

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Janine

18 days ago

Wait, is this a trick question? What if the answer is actually 'Interest on Spiderweb Deposits'? You never know with these insurance exams!

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1 months ago

Hmm, this seems to be about interest on insurance policies. I'd guess B or C would be the correct answer.

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Jacob

3 days ago

I agree, it could also be contract funds.

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Christene

1 months ago

I think it's interest on policy.

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Josue

2 months ago

But the question also mentions contract funds, so maybe it's D, B or C.

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Ben

2 months ago

I believe it could be interest on policy.

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Josue

2 months ago

I think it's interest contract funds.

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